Reliance Industries Ltd — Deep Dive — Jun 17, 2026
CMP: ₹1,332.70 (+0.29%) | MCap: ₹17.97T | P/E: 22.25x (Reported), ~89x (Core)
Technical Analysis — TradingView (1D)
Summary: NEUTRAL (8 Sell, 9 Neutral, 9 Buy) Oscillators: NEUTRAL (1S, 8N, 2B) Moving Averages: NEUTRAL (7S, 1N, 7B)
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 52.52 | Neutral |
| MACD Level | -15.78 | Buy |
| Momentum (10) | 19.50 | Buy |
| Stoch %K | 60.13 | Neutral |
| SMA-50 | 1,348 | Sell (Price below) |
| SMA-100 | 1,376 | Sell (Price below) |
| SMA-200 | 1,422 | Sell (Price below) |
Pivot Levels: R1 1,425 | Pivot 1,369 | S1 1,265
Key insight: Below SMA-50/100/200 (bearish intermediate). Above EMA-10/20 (short-term bullish). MACD buy signal building. RSI 52.5 has room.
Fundamentals — Screener.in
- 53.9% of PAT from Other Income (₹23,630 Cr vs ₹43,843 Cr)
- Core PAT (ex-OI): ~₹20,213 Cr → Core P/E: ~89x
- Revenue TTM: ₹10.56T | Debt/Equity: ~0.45x | Promoter: 50.3%
News & Catalysts — TradingView
- Jio IPO — Filing "within days" per FT. Biggest catalyst ahead.
- Meta AI Data Center — Partnership on AI infra in India.
- AGM Tomorrow (Jun 18) — Jio timeline expected.
- Rare Earth play (RIL + Vedanta + Adani)
- Oil at $76 helps O2C costs
Analyst 1Y Target: ₹1,693.95 (+27.1%) | Rating: Neutral (JP Morgan)
Delivery — NSE Bhavcopy
14-Day Avg: ~38.2% | Days >50%: 0/14 | Trader-driven bounce, not accumulation.
Entry Strategy
Risks: Core P/E 89x, O2C structural decline, low delivery, AGM disappointment
Plan (3-6 months for Jio IPO):
- 40% at ₹1,310-1,325 | 40% at ₹1,265-1,285 | 20% at ₹1,200-1,210
- SL: ₹1,145 | T1: ₹1,425 | T2: ₹1,530 | T3: ₹1,694
Setup: Medium | R:R: Favorable (27% vs 14%)
Data: Screener.in | TradingView | NSE Bhavcopy | deepseek-chat